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Sanctions on Russia show bright side as corporates push to cut debt
Eurobond issuance from its firms dwindle to US$77m this year from US$28b in same period in 2013
Add BT as a preferred sourcePublished Tue, Jun 23, 2015 · 09:50 PM
London
SANCTIONS against Russia aren't all bad news for the nation's companies.
As the European Union (EU) extends penalties that are locking Russia out of global debt markets, corporate borrowers will be forced to reduce debt burdens that soared to the highest in at least a decade in 2014. Eurobond issuance from the nation's companies dwindled to just US$77 million this year from US$28 billion in the same period in 2013, according to data compiled by Bloomberg.
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